for sale · 2019-10-09 · developments ltd., (“the vendor”) on an exclusive basis to arrange...
TRANSCRIPT
For SaleSedona Lands 10209 – 100 Avenue, Edmonton, AB
BELLAMY HILL RD100 AVE
Address 10209 –100 Avenue NW, Edmonton, Alberta
Neighbourhood Downtown
Legal Description Lots 92-95, Block 2, Plan NB
Zoning RMU –Residential Mixed-Use Zone
Site Size 30,319 SF
Property Type High Density Mixed-Use Redevelopment Site
Buildable SF 165,000 (assuming current FAR of 5.5)
Maximum Density 500 dwellings/ha
Property Overview
• River valley views: the Sedona Lands are located along the south boundary of 100th Avenue NW with exposure to Bellamy Hill, and any future development will overlook the beautiful Edmonton River Valley
• Surrounded by amenities: the Lands are located in a mature area just outside of Edmonton’s downtown core and is surrounded by an abundance of trendy restaurants, shops and other services and amenities
• Access to public transit: located directly next to bus stops and just a 5 minute walk from Bay Enterprise Square Station
• Ideal development site: large and rectangular development site with 165,000 buildable square feet
SEDONA LANDS THE OPPORTUNITY
PROPERTY SUMMARY
JLL Capital Markets, Multifamily, Alberta has been retained by Sedona Keys Developments Ltd., (“the Vendor”) on an exclusive basis to arrange for the sale of Sedona Lands, 10209 – 100 Avenue, Edmonton Alberta (the “Property”). Considering the size and ideal location in central Edmonton, the Lands are an excellent candidate for a future mixed-use development. The Sedona Lands are being offered with an asking price of $8,337,725 ($275 psf, $50 pbsf).
No offer, regardless of form or content, will create any binding legal obligation upon the Vendor or the Advisor until fully executed by the Vendor and Purchaser.
Please contact JLL for more information. Expressions of interest will be dealt with as received.
100 AVENUEJASPER AVE
CAPITAL LRT LINE
METRO LRT LINE
FUTURE VALLEY LRT LINE
FUTURE URBAN PARK
SEDONA LANDS
105 STREET
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
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9 Minutewalk to the Ice District and Rogers Place
15 Minutewalk to MacEwan University
6 Minutewalk to Edmonton City Centre
6 Minutedrive to the U of A
10 Minutedrive to the Royal Alexandra Hospital
BELLAMY H
ILL RD
103 ST
ROSSDALE RD
100 AVE
99 AVE
SEDONA LANDS
Location OverviewHIGHLY DESIRABLE AREA
ZONING OVERVIEW*
The Sedona Lands are located in a mature part of Downton Edmonton, just outside of the Central Business District. This development site is located just steps away from many trendy restaurants and shops as well as an abundance of other services and amenities. The Lands has immediate access to a number of bus routes and is within walking distance to Bay Enterprise Square LRT Station, providing easy access to all areas of the city. The Lands are located on top of the river bank, and any future development will have stunning views of the Edmonton River Valley.
The Lands currently carry an RMU, (Residential Mixed Use), zone land use designation. Permitted uses include apartment housing, child care services, community recreation services, convenience retail stores, government services, group homes, personal service shops, public libraries, cultural exhibits, as well as professional, financial and office support services. Of note, the maximum FAR of 5.5 under the RMU zoning falls towards the lower end of density range evident in downtown Edmonton. Given current market conditions and current city councils policy of supporting higher density, the subject site could potentially be rezoned to achieve higher density and height.
Development Regulations • Maximum total Floor Area Ratio for all combined uses shall be 5.5; • Maximum total Floor Area Ratio for residential uses shall be 4.0; • Maximum total Floor Area Ratio for non-residential uses shall be 1.5 • Maximum residential density shall be 500 dwellings/ha • Maximum height shall not exceed 50m
*Referenced from the City of Edmonton’s Land Use Bylaw
TRANSIT ACCESSIBILITY
• Nearest LRT transit: 5 minute walk from Bay Enterprise Square LRT Station and 6 minute walk from Central LRT Station
• Proximity (ETS): > 3 minute walk to numerous nearby bus stops (as shown below)
LOCATION HIGHLIGHTS
MacEwan University
Rogers Place
Royal Alberta Museum
Save-On-Foods
1
2
3
4
5
6
7
8
9
10
11
JASPER AVE
102 AVE
109
ST
101
ST
104
ST
100
ST
100 AVE
104 AVE
CHURCHILL
CEN
TRAL
CORO
NA
GRANDIN
BAY/
EN
TERP
RISE
SQ
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CAPITAL LRT LINE
FUTURE VALLEY LRT LINE
METRO LRT LINE
SEDONA LANDS
99 AVE10
7 ST
1 2
3
4
5
6
7
8
9 10
NorQuest College
Edmonton Public Library
Edmonton City Centre
Art Gallery of Alberta
Capital Plaza
Diamond Park
Rossdale Park
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SEDONA LANDS
©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
4 5©2019 Jones Lang LaSalle IP, Inc. All rights reserved.
Copyright @ Jones Lang LaSalle IP, Inc. 2019. This presentation has been prepared solely for informational purposes. The presentation is confidential and may not be reproduced. The contents of this presentation are not to be construed as legal, accounting, business or tax advice.The information contained herein is proprietary and confidential and may contain commercial or financial information, trade secrets and/or intellectual property of JLL and/or its affiliates. Although the information used in this presentation was taken from sources believed to be reliable, there is no representation, warranty or endorsement (expressed or implied) made as to the accuracy, reliability, adequacy or completeness of any information or analysis contained herein. JLL expressly disclaims any and all liability that may be based on such information, errors therein or omissions there from. Certain information in this presentation constitutes forward-looking statements. Due to various risks, uncertainties and assumptions made in our analysis, actual events or results or the actual performance of the types of financing and values covered by this presentation may differ materially from those described. The information herein reflects our current views only, are subject to change, and are not intended to be promissory or relied upon.
Samuel DeanSenior Vice President+ 1 780 328 [email protected]
Hayley BuskasUnlicensed Associate+ 1 587 881 [email protected]
Tyler HerderSales Associate+ 1 780 328 [email protected]
Amelia TerleckiMarketing Coordinator+ 1 780 328 [email protected]
PLEASE CONTACT FOR MORE INFORMATION:
BELL
AMY
HIL
L RD
103
ST
ROSSDALE RD
100 AVE
99 AVE